*
THE AMERICANTM" COMMISSION: OF EXCHANGE."
→ Occasional dispatches have kept the public informed of the travels of our "Commission of Exchange" to the various capitals of Europe, but none of them, have told us the nature of their communications to the courts with which they have conferred. A general impression has guined currency: that, whatever their sugges- tions were, they were unfavourably received at London, Paris, The Hague, and Berlin. 6- cording to a Berlin dispatch to the London Times, however, the mission has secured at least an academic assent to the proposal that the currency of the countries which still main-
• tain the silver standard, shall be regulat ed according to the system adopted by British India in the year 1893. That system was the discontinuance of the coinage of silver for private persons-in other words, the demonetisation of that metal, and its coin- age for Government account only. The par pase was to reach the gold standard at some future period. In the meantime the Govern- ment agreed to give silver rupea in exchange for gold at the rate of 160. per rupeas, and to receive gold for taxes at same rate; but as promise was made to give gold for rupees at any rate whatsoever. No such promise has yet been made, but the Government now gives gold for rupees at that rate, or at the current rate of exchange on London, which oscillates around 16d, within narrow limits. The etālus of the rupee is much the same as that of our silver dollar.
w
Both Governments promise to redeem their legal-tender silver in taxes, and this kind of redemption suffices for the present to maintain parity. Whether it would suffice under all conditions of trade and industry, is uncertain.
Now it does not advance matters for us to secure the assent of any number of countries to the currency system of British India. We have already passed beyond that stage in out Philippine legislation. We have adopted for the islands a silver coinage of full legal tender plus a subsidiary coinage of limited tender both to be coined, issued, and redeemed in "gold by the Government. This is an experi
ment involving needless expense and of very doubtful utility. It could never have passed Congress but for a Quixotic attempt on our part to help Mexico in her financial -muddle, and at the same time to "do something for silver." The "Commission of Exchange" is the outcome of the latter proposition. At the instance of a Silver Senator it was engrafted on an appro priation bill in an attenuated form, after it had been rejected by the House in its original shape. The question of immediate pertinence, however, is: How will it help us, or the Filipinos, if we a cure the assent of other nations to the financial policy of British India? Great Britain gave her consent to it in 1893, and is not likely to withdraw it. We have no need to ask her co-operation in doing what she has already done. If Mexico desires to follow" the example of British India, the way is open- for her to do so. It is not necessary for her to ask the permission of Emperor William or of Czar Nicholas. Equally needless is it for as to introduce her envoys to the Imperial pre- sence for that purpose.
If our "Commission of Exchange" has had the purpose at any time in ask foreign Govern- ments to enter into a joint agreement with us to maintain parity between gold and silver at ratio, that would be an attempt to accomplish what the three international monetary con. ferences of the last century failed to de, or
even to attempt. The difficulty would be much greater now, since China would be the chief factor in the agreement, her silver currency being greater in volume than that of Mexico, the Philippines,. the Straits Settle- ments and Tengking added together. Who is to underwrite any agreements made by the Empress Dowager, or any other potentate of the Celestial Empire, respecting coinage or anything else? Bút it is not necessary to go to Eastern Asia to find an example of the regulation of the monetary systems of nations
by mutual agreement. The history of the Latin Monetary Union stands out as a per- petual warning against such experiments. Not one of the countries in that Union could be Induced to enter it now, if they were well out of it; and France least of all. And what is the likelihood that we, the United States of America, would enter into an agreement with Mexico, China, or any other country to guarantee the parity of gold coins and silver coins at aby fatio or at any number of ratios? The idea in preposterous. Not to examine the financial con sequences, which are not easy of apprehension to the mass of mankind, let ask what would
|
be the effect upon our political parties. If such a treaty were brought forward by the present Administration, Mr. Bryan would immediately claim it as an endorsement of his policy by President Roosevelt, and Democrats would naturally, favour the ratification of the treaty as being in general harmony with the Kansas City platform. The Republicans for the same reason would oppose it, and this issue' might evershadow everything else in the next national election..
THE HONGKONG TELEGRAPH, WEDNESDAY, SEPTEMBER 30, 1903.
"Auctions.
Intimations.
Intimations. THE
CANTON DISTRICT.
LOCAL NOTICE TO MARINERS.. No. 65.
WRECK OF STONE JUNK ABOVE 2ND BAR GREEK.
Mails.
NIPPON YUSEN KAISHA. (THE JAPAN MAIL STEAMSHIP COMPANY.)
GOVERNMENT NOTIFICATION. PARTICULARS AND CONDITIONS of the letting by Public Auction Sale, to›bo' held on MONDAY, the 5th day of October, 1903, at 3 P.M., at the Offices of the Public Works Department, by Order of His Excellency the Governor, of One Lot of CROWN LAND, near Peak Road, in the Colony of Hongkong, for a term of 75 Years, with the option of renewal at a CROWN RENT to be fixed by the Surveyor of His Majesty the KING, for onc further term of 75 years.
SUER JORDY.| «
* web
นาวา ug
PARTICULARS OF THE LOTS..
Measurements. Boundary
ON
+
t
A
*
'AL17120'T
*1027 '06 '6691
CON 10′′] PREJUĮ
(1183e]
Hongkong, 28th September, 1903.
GOVERNMENT NOTIFICATION, DARTICULARS AND CONDITIONS of
PA letting by Public Auction Sale, to be
ROBINSON PIANO
Co., LTD.
NOTE
ENTIRELY
NEW STOCK
to arrive this month. Specially and
most carefully chosen, direct
FROM THE FACTORIES
BY DUR
MR. ROBINSON
NOW IN EUROPE.
GREAT
REDUCTIONS
in our present stock of Pianos and
Musical Goods.
A quantity of old music still left, being sold very cheap. Call in and see what we have. All en- quiries will be most courteously and promptly answered.
THE APOLLO.
held on MONDAY, the 5th day of October, 1903, at 3 P.M., at the Offices of the Public Works Department, by Order of His Excellency at Shek Tong Tsui, in the Colony of Hongkong the Governor, of One Los of CROWN LAND, for a term of 75 years, with the option of PIANO PLAYER renewal at a CROWN RENT to be fixed by the Surveyor of His Majesty the KING, for one further term of 75 years.
No, of S
Registry
Marine
PARTICULARS OF THE LOT.
LOCALITY.
א
Houndary.
Measuremenila.
1.
W.
It R..
Contexts in
Annual Rest
•żod saidh
93 16 100 13,200 50 95,80
Honut ong, 28th September, 1903,
PUBLIC AUCTION
RECITALS DAILY
Price from $450 up.
· PATTI ENDORSES THE APOLLO.
Adelina Patti (Baroness Cederstrom) has given another great testimonial to the Apollo piano-player. She was so delighted with the instrument that was purchased by her last year that this second testimonial is even stronger than the first one that she gave.
NE haben REMOVED and the JOTICE is hereby given that the above
PROJECTED SAILINGS FROM HONGKONG.—SUBJECT TO ALTERATION,
DESTINATIONS.. MOJI, KOBE and YOKOHAMA...
MARSEILLES, LONDON & ANT) SATURDAY, 3rd Oct, ab·
Channel is now clear.
J. HOWELL MAY, -
Harbour Master,
Approved,
H. B. MORSE,
Commissioner of Customs.
STEAMERS. KAGOSHIMA MARU ....................
K. Kori
SAILING DATES.
THURSDAY, ist Oct, at
Daylight,
INADA MARU.........
Custom House,
¡ W. Bainbridge
Canton, 28th September, 1903.
[11908
WERP, VIA SINGAPORE, Penang, COLOMBO and PORT SAID...............
Daylight..
HIROSHIMA MARU ..............
J. Nagao
U.S.A, VIA Shanghai, Moji,
VICTORIA, BC, and SEATTLE)TUESDAY, 6th Oct, at
BOMBAY, VIA SINGAPORE and? TUESDAY, 6th Oct., at
COLOMBO.site
Noon.
4 P.M.
KOBE and YOKOHAMA
N. LAZARUS,
OPHTHALMIC OPTICIAN
OF LONDON, AND CALCUTTA,
SIGHT TESTED,
LENSES for the correction of Astigmatism
ground on the premises,
Spectacles and Eyeglasses in all styles
and metals.
Consulting Room:
No. 16, Queen's Road Central,
Nearly opposite the Hongkong Hotel with entrance through fare of R. Houghton, Tailor.
DAVID BENJAMIN, Manager.
Hongkong, 23rd June, 1903.
NOTICE,
(6c
N and after the 9th September, the S.S. Mme. Palti says that 'the Apollo never basWING CHAL" will berth at the New given her the slightest trouble and that the Wharf at the WESTERN END OF WING LOK F1184c new concert grand is one of the most wonder- STREET.
ful and perfect piano-players that she has
MING ON & CO., and Floor, 16, Victoria Street. Hongkong, 7th September, 1903.
BY ORDER OF THE MORTGAGE of the following VALUABLE LEASEHOLD PROPERTY,
Situate in
TIT HONG LAKE, Victoria, Hongkong, on
WEDNESDAY, the 7th October, 1903, at 3 o'clock in the afternoon nt his AUCTION ROOMS, DUDDELL STREET, by MR. GEO. P. LAMMERT, Auctioneer,
All that Piece of Ground registered in the Land Office ns the Remaining Portion of Section B. of Marine Lot No. 18 with the Messuages thereon known as Nos, 2, 4, 6, 8, 1 and 12, Tit Hong Lane.
The Property is held from the Crown for the residue of the Term of 999 years granted by a Crown Lease, dated the 2nd day of May, 1887. For further Particulars and Conditions of Sale, apply to
EWENS & HARSTON, Solicitors,
OF
MR. GEO. P. LAMMERT, Auctioneer. Hongkong, 25th September, 1903.
Intimations.
[11666
THE GREAT NORTHERN TELEGRAPH CO., LIMITED.
HONGKONG STATION.
REFERRING to Notice of 20th December,
and subsequent Notices, Senders
of Telegrams are hereby advised that from ist October, 1903, the Currency equivalent of the Franc will, subject to revision after Three Months, be fixed at $0.45, at which Rate the Charge for all Telegrams will be collected from said Date.
The following Rates will, consequently, come into force: To Europe
11
North America, via Europe,
ever sorn.'
(4150
Hongkong, 2nd September, 1903. REEN ISLAND CEMENT COMPANY, | ASPARAGUSI
LIMITED.
PORTLAND GEMENT.
In Casks of 375lbs. et 84.76 ex Factory, In Bags of 250lbs, net $2,85 ex Factory.
SHEWAN, TOMES & CO., General Managers, Hongkung, 15th August, 1903.
Kabut
PURE
DELICIOUS
[19
Feer
REFRESHING
may now be had in Cases of 4 Doz. Quarts at $15.00.
MACEWEN, FRICKEL & CO.,
3. DUDDELL STREET,
1st September, 1903,
CHINESE AMERICAN COMMERCIAL COMPANY.
...$2.55
T
F
英華
IMPORTERS, EXPORTERS AND MANUFACTURERS.
"HE Company's OFFICES, are established at Nos. 20 and 21, CONNAUGHT
Hongkong, 1st May, 1903,
California, Washington Station,... 4.10 | ROAD opposite DOUGLAS PIER. District of Columbia, New York State,
Pennsylvania,...
Illinois,
3.90 3.95 New York City, Ontario, Quebec,
Massachusetts,
................ 3.80
Russia in Europe.....
NOTICE.
(5430
1.40
THE BEST PREVENTIVE OF ALL INFECTIOUS DISEASES.
11
19
Asia, 1st Region,.
1.15
1+
Asia, 2nd Region, ..................... 1.05
.. Jupan,......
Shanghai...
masi 1,50
"New. Complete Lists will be distributed as soon as ready. In the meantime any further Information may be obtained by applying to the Company's Office.
OLAF NIELSEN, Superintendent Hongkong, 28th September, 1963.
We need not pursue this matter farther until MADAM FLINT & CO.
wo leam exactly what plan, if any, our "Com mission of Exchange" ha proposed to foreign governments. It may turn out that they have -proposed none. The Nation.
Masonic.
ZETLAND
No. 51, EC.
LODGE,
REGULAR MEETING of ZETLAND. LODGE will be held at the FREE- MASONS' HALL, Zetland Street, TO-MORROW, the 1st October at 8,30 for 9 pm, precliely Visiting Brethrenare cordially invited to attend." ***Hongkong, 29th September 19031898
IMPORTERS OF FRENCH MILLINERY AND DRESSMAKING,
MATERIAL: ACCEPTED, AND DESIGNED
during the Summer Months.
PRICES MODERATE.
CONNAUGHT HOTEL; Rooms 4 and
Hongkong, 330t
1062#
SANITARY SOFT
LUID
DISINFECTANT
SUAP.
ASPARAGUSI!
[ogae
ASPARAGUS!
WEET INDIAN CORN!!
FRESH HENRY IN COMBSH!!
75 cents per b.
A Please call at
LL these can be had fresh every day.
CHING SHAN CHAN,...
No. 41, Central Market.
Hongkong, 9th September, 1903
(7770
F. BLACKHEAD & CO., SHIP-CHANDLERS, SAILMAKERS,
COAL AND PROVISION MER- CHANTS, NAVAL CONTRACTORS AND GENERAL COMMISSION
AGENTS,
FRAYA CENTRAL HONGKONG, SOAP MANUFACTURERS.
SOLE AGENTS FOR ARTMANN'S RAHTJEN'S GENUINE
BRAND, HARTMANN'S GREY PAINT, DAIMLER'S PATENT MOTOR LAUNCHES, &C..
Solt Agents ju FERGUSON'S ŠVECÍ L CREAM
.ond
HAROMPOSITION RED HAND
&C.,
&C.
P. & O. SPECIAL LIGGER SCOTCH WHISKY, &C.
EVERY KIND OF SHIP'S STORES AND REQUISITES ALWAYS IN STOCK AT
REASONABLE PRICES. Hongkong. 14th May, Than
[ 8
LEVY HERMANOS.
JAMOND MERCHANTS, JEWEL LERS AND WATCHMAKERS.
DIAM
EASTMAN'S
KODAKS and FILMS,
Sole Agents for "OMEGA" WATCHES." "OMEGA" is the best, "THREE YEARS" guarantee given to every purchaser.
40, QUEEN'S ROAD,
Watson's Building.
401.
TUBORG BEER.
A
FIRST Class PILSENER BEER
and any other Chemicals,
Fay
AVOID ALL RISK OF OUTBREAK BY ITS USE
W. G.HUMPHREYS & Co. PY Engk Bulldings. Hington March 180"
DENTISTRY.
SUI SANG,
(Lately Practising with Dr. I. SAKATA), DENTIST, No. 26, Connaught Road Central,, Hongkong, oth Fehmary, 100g
MEE CHEUNG;
PHOTOGRAPHER,222, TOP FLOOR OF ICE HOUSE, IN Ice House Road
PRICE $10.50 per case of 48 bottles (quarts), or 6 dos. pints,
Special Prices for Quantities,
Sole Agents *--*
SIEMSSEN & CO.
(5950 Hongkong, 10th January, 1903,
THE HONGKONG STUDIO,
HIGHER CLASS PHOTOGRAPHER, 1998; 41 & 43, QUEEN'S ROAD CENTRAL,
TOP FLOOR.
DORTRAITS, GROUPS and ENLAR 18: now in a position, in bis: Now, and Com-"52 GING and COPYING in all Sizes,
modious Premises, to sclipes, as heretaforaj ALL PHOTOGRAPHIC ART PRACTICED In the Colpay or in any part of the Für Eart.“
GROUPS AND VIEWS
Speciality,
LARGE SELECTION OF VIEWS ALWAYS
M
ON-HAND
PRICE VERY MODERATE.
1jih September, 1903-
KAGA MARU*
Geo. Anderson
KASUGA MARU.
Wm. Hunter
SADO MARU
S. J. G. Parsons.........
YAWATA MARU
A. E. Moses
HITACHI MARU
J. Campbell..
RIOJUN MARU*........................
N. Ohuo
KAWACHI MARU
H. Fraser
(NAGASAKI, KOBE and YOKO-] WEDNESDAY, 7th Oột, at
HAMA......
Noon.
FRIDAY, 9th Oct, at
Daylight,
FRIDAY, 9th Oct., at
4 P.M.
KOBE and YOKOHAMA..................... SYDNEY and MELBOURNE, VIA MANILA, THURSDAY ISLAND, TOWNSVILLE and BRISBANE ........ (MARSEILLES, LONDON & ANT- WERP, VIA SINGAPORE, PENANG, COLOMBO and PORT SAID.......... Daylight. VICTORIA, B.C., and SEATTLE,TUESDAY, 20th Oct; at.
U.S.A., VIA SHAnghai, Moji, KOBE and YOKOHAMA ..................TATYTOAA), KOBE and YOKOHAMA
Saturday, 17th Oct, at
4 P.M.
FRIDAY, 23rd Oct, at
Daylight.
Through Passenger Tickets issued for the Principal Cities in the United States, Canada and Europe, in connection with the GREAT NORTHERN RAILWAY and Atlantic Steamers. Round-the-World Tickets also issued. Between Moji and Kobe, 1st and and Class Through Passengers have the Option of Travelling by the Sanyo Railway.
For further Information as to Freight, Passage, Sailings, &c, apply at the Company's Local Branch Office in Prince's Building, 1st Floor, Chater Road.
T. 8, TAKAYANAGI, Acting 'stanager.
Hongkong, 28th September, 1903.
COMPAGNIE DES MESSAGERIES MARITIMES.
PAQUEBOTS-FOSTE FRANCAIS.
NOTICE.
STEAM FOR SAIGON, SINGAPORE, BATAVIA, COLOMBO,ADEN, EGYPT MARSEILLES, MEDITERRANEAN AND BLACK SEA PORTS, LONDON, HAVRE, BORDEAUX, ALSO 'PORTS OF BRAZIL AND RIVER PLATE,
IN TUESDAY, the 6th October, 1903 ON The Company's Steamship "ANNAM," Captain Girard, with Malis, Passengers, Specie and Cargo, will leave this Port for MARSEILLES, via Ports of Call, WITHOUT TRANSHIPMENT.
Cargo and Specie will be registered for Lon. don as well as for Marseilles, and accepted in transit through Marseilles for the principal places of Europe.
Shipping Orders will be granted till Noor only on MONDAY, the 5th October, Specie and Parcels received until 4 P.. on the same day. No Cargo will be received on board on TUESDAY:
ORIENTAL
PININSUL
COMPY
THE PENINSULAR AND ORIENTAL
STEAM NAVIGATION COMPANY."
STEAM FOR TRAITS, CEYLON, AUSTRALIA, INDIA,
ADEN, EGYPT, MEDITERRANEAN PORTS, PLYMOUTH AND LONDON. Through Bills of Lading issued for BATAVIA PERSIAN GULF, CONTINENTAL, AMERI- -CAN and SOUTH AFRICAN PORTS.) T "THE Steamship
*SIMLA,"
Captain C. D. Goldsmith, R.N.R., canying His sty's Mails, will be despatched from this for BOMBAY, on SATURDAY, the toth October, at Noon, taking Passengers and Cargo for the above Parts,
Silk and Valuables, all Cargo for France, ind Tes for Lorden (under arrangement) will be transhipped at Colombo into a steamer proceeding direct to Marseilles and London; other Cargo for London, &c., will ha conveyed
Parcels will be received at this Office until 4 2.M. the day before sailing. The Contents and Value of all Packages are required
Parcels are not to be sent on board, they must be left at the Agency's Office. Contents and Value of Packages are required.
For further Particulars, apply at the Com-ord Bombay. pany's Office.
G. DE CHAMPEAUX, Agent. Hongkong, 28th September, 1903.
NORTHERN PACIFIC STEAMSHIP COMPANY.
[10040
BOSTON STEAMSHIP COMPANY. BOSTON TOW-BOAT COMPANY.
PROPOSED SAILINGS FROM HONGKONG,
VIA
Shippers are particularly requested to aute the terms and conditions of the Company's
Bill of Lading.
For further Particulars, apply to
B. A. HEWETT,
Superintendent.
Hongkong, 28th September, 10n3.
To be Let.
TO LET. CHEAPEST HOUSES IN THE COLONY.
SHANGHAI, INLAND SHAMAJAPAN, MOR
YOKOHAMA, FOR VICTORIA, B.C., AND TACOMA, IN CONNECTION WITH NORTHERN PACIFIC RAILWAY COMPANY,
Steamers. Tons. Captains. 1903,
Victoria..... 3,50z J. Truebridge... Oct. fo Shawmut...... 9,506 W. M. Smith... Nov. 14 Olympia 2,837 A. Dixon... Nov. 25 Tacoma ́2,812{M. Ridley ...... Dec. 15
Steamers marked (*) have no passenger accommodation.
The attention of passengers is directed to the very cheap rates offered by this line to the Pacific Coast and to the Interior and Eastern Cities of the United States and to Europe.
Special rates allowed to members of Govern- nient Services.
Through Bills of Lading issued to Pacific Coast Points and to the Principal Cities in the United States and Canada.
For further information as te Freight or Passage, apply to
DODWELL, & CO., LIMITED,
General Agents.
(874d Hongkong, 28th September, 1903.
Hotel.
KING EDWARD HOTEL.
A HIGH Class Private HOTEL.
LADIES! AFTERNOON TEA ROOMS.
PRIVATE BAR AND
BILLIARD ROOMS.
Hot and Cold Water throughout. Electrically Lighted,
Electric Fans (if required). Electffe Fassenger Elevator to each Floor, Table D Hote at Separate Tables,
For Terms, &c., apply to the
MANAGER.
Hongkong, 23rd October, 1962)
14
ORRISON HILL GAP ROAD. -Nice
Houses, 4 Rooms, Bath Rooms, Dat houses and Verandahs. Only $40 inclqaiya of Taxes,
WILD DELL BUILDINGS, No. 147, WANCHAI ROAD.: Comfortable and Airy Flats of a or 3 Rooms, from $25 inclusive of Taxes,
64
∙S. A. SETH, Land and Estate Broker, Dairy Farm Co., Ltd. Hongkong, 12th September, 1903. [9160
TO LET. From 1ST OCTOBER Next.
ERANIE BUNGALOW," KOWLOOK.
Apply to-
THE HONGKONG LAND INVEST-
MENT & AGENCY CO., LD. Hongkong, zóth September, 1903. [1175€
TO LET.
FFICES now in course of erection on OFFLONNAUGHT ROAD (New Praya) be
tween Blake Pier and Queen's Buildings. ·
Apply tow
THE HONGKONG LAND INVEST-
MENT & AGENCY CO., LD.. Hongkong, 23rd September, 1903..([11520
GODOWN TO LET.`
N°
TO. 155, PRAYA EAST, Spacious Two- storied Godown, Suitable for Yara or Coals:
Apply to
THE HONGKONG LAND INVEST- MENT & AGENCY CO., LD. Hongkong, roth July, 1903.
TO LET.
HOUSES in LEIGHTON HILL ROAD,
FLATS in MORETON TERRACE, CAUSE. WAY BAY, facing the Polo Ground. GODOWNS at BOWRINGTON, Praya Rast. No. 2, RIPON TERRACE in
Fiats. Apply to
peek
THE HONGKONG LAND INVEST- MENT & AGENGY CO. LD. Hongkong, 6th June: 1903
Two
TO LET.
NO SPACIOUS GODOWNS--Nos
and 96, PRAYA KAST. Apply to
H. N. MODY,
(11164) Hongkong, and Walruary,
Victoria Building